Core Points - Waste Connections, Inc. has declared a regular quarterly cash dividend of $0.35 U.S. per common share, marking an 11.1% increase from the previous dividend of $0.315 U.S. per share [1] - The dividend will be paid on November 20, 2025, to shareholders of record as of November 5, 2025 [1] - The Board of Directors intends to review the quarterly dividend each October, aiming for long-term increases [1] Dividend Payment Details - Shareholders with common shares held by U.S. depositary DTC will receive dividends in U.S. dollars [2] - Shareholders with shares held by Canadian depositary CDS will receive dividends in Canadian dollars, based on the Bank of Canada's daily average exchange rate on November 5, 2025 [2] - Directly registered shareholders in Canada will receive dividends in Canadian dollars if they are residents, and in U.S. dollars if they are not [2] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, including resource recovery through recycling and renewable fuels generation [3] - The company serves approximately nine million customers across 46 states in the U.S. and six provinces in Canada [3] - Waste Connections emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business strategy, focusing on emissions reduction and resource recovery [3]

Core Insights - Waste Connections reported better than expected financial results for Q3 2025, driven by superior execution and improved operating trends [1][5] - The company achieved a revenue of $2.458 billion, an increase from $2.338 billion in the same period last year, with adjusted net income rising to $372 million or $1.44 per diluted share [2][5] - The company plans to increase its quarterly cash dividend by 11.1% and continue its acquisition activities, having closed or entered agreements for approximately $300 million in annualized revenue [1][5] Q3 2025 Results - Revenue for Q3 2025 was $2.458 billion, up from $2.338 billion in Q3 2024 [2] - Operating income was $439.6 million, which included $60.1 million in impairments and other operating items [2] - Net income for the quarter was $286.3 million, or $1.11 per diluted share, compared to $308 million or $1.19 per diluted share in the prior year [2] - Adjusted net income was $372 million, or $1.44 per diluted share, compared to $350 million or $1.35 per diluted share in the previous year [2] - Adjusted EBITDA for the quarter was $830.3 million, up from $787.4 million in the prior year [2] Year-to-Date Results - For the nine months ended September 30, 2025, revenue was $7.094 billion, an increase from $6.659 billion in the same period last year [3] - Operating income for the nine months was $1.289 billion, including $70.6 million from impairments and other operating items [3] - Net income for the nine months was $818.1 million, or $3.16 per diluted share, compared to $813.6 million or $3.15 per diluted share in the previous year [3] - Adjusted net income for the nine months was $998.3 million, or $3.86 per diluted share, compared to $938.7 million or $3.63 per diluted share in the prior year [3] Operational Highlights - The company experienced a solid waste margin expansion of approximately 80 basis points in Q3 2025 [1] - Employee turnover decreased, and safety incident rates reached a record low, contributing to improved operational performance [1] - The adjusted EBITDA margin for Q3 2025 was 33.8% of revenue, exceeding expectations [5] Shareholder Returns and Capital Management - The company announced an 11.1% increase in its regular quarterly dividend [5] - Share repurchases accounted for approximately 1% of shares outstanding [1][5] - Waste Connections remains well-positioned to fund its growth strategy while increasing returns to shareholders [1]

Financial Results Announcement - Waste Connections, Inc. will report its financial results for the third quarter of 2025 after the stock market closes on October 21, 2025 [1] - An investor conference call will be held on October 22, 2025, at 8:30 A.M. Eastern Time to discuss the financial results [1] Conference Call Details - A live audio webcast of the conference call can be accessed via the company's investor relations website [2] - Participants can preregister for the call to receive dial-in instructions and a personalized code [2] - A replay of the conference call will be available until October 29, 2025 [2] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services [3] - The company serves approximately nine million residential, commercial, and industrial customers across 46 states in the U.S. and six provinces in Canada [3] - Waste Connections emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business strategy, focusing on emissions reduction and resource recovery [3]

Core Insights - Waste Connections reported strong second quarter results for 2025, with revenue of $2.407 billion, a 7.1% increase from $2.248 billion in the same period last year [2][6] - The company achieved a net income of $290.3 million, or $1.12 per diluted share, compared to $275.5 million, or $1.07 per diluted share, in the prior year [5][30] - Adjusted EBITDA for the quarter was $786.4 million, reflecting a 7.5% increase from $731.8 million in the previous year, with an adjusted EBITDA margin of 32.7% [3][6] Financial Performance - For the first half of 2025, revenue reached $4.635 billion, up from $4.321 billion in the same period last year [4][5] - Operating income for the first six months was $849.8 million, compared to $791.5 million in the prior year [4] - Adjusted net income for the first half was $626.2 million, or $2.42 per diluted share, compared to $588.7 million, or $2.28 per diluted share, in the previous year [7][30] Operational Highlights - The company experienced solid waste core pricing growth of 6.6%, contributing to margin expansion of approximately 70 basis points [1][6] - Employee retention and record low safety rates were noted as key factors driving performance [1][6] - Waste Connections completed approximately $200 million in annualized revenue from acquisitions, with a strong pipeline for further growth [1][6] Updated Outlook - The company maintains its full-year 2025 outlook, projecting approximately $9.45 billion in revenue and $3.12 billion in adjusted EBITDA, with an adjusted EBITDA margin of 33.0% [8][12] - Revenue growth is expected to be around 6%, with an adjusted EBITDA margin expansion of 50 basis points [1][8] - The outlook assumes no significant changes in the current economic environment or underlying trends [8][12]

Financial Results Announcement - Waste Connections, Inc. will report its financial results for the second quarter of 2025 after the stock market closes on July 23, 2025 [1] - An investor conference call will be held on July 24, 2025, at 8:30 A.M. Eastern Time to discuss the financial results [1] Conference Call Details - A live audio webcast of the conference call can be accessed via the company's investor website [2] - Participants can preregister for the conference call to receive dial-in instructions and a personalized code [2] - A replay of the conference call will be available until July 31, 2025, through specific phone numbers and a passcode [2] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, including resource recovery through recycling and renewable fuels generation [3] - The company serves approximately nine million customers across 46 states in the U.S. and six provinces in Canada [3] - Waste Connections emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business strategy, focusing on emissions reduction, resource recovery, and employee engagement [3]

Core Points - Waste Connections, Inc. held its Annual Meeting of Shareholders where all eight director nominees were elected [1] - The voting results showed high approval rates for the nominees, with the highest being 99.17% for Cherlyn Harley LeBon and Carl D. Sparks [2] - Shareholders approved the compensation of named executive officers on a non-binding advisory basis and appointed Grant Thornton LLP as the independent registered public accounting firm for 2025 [3] Company Overview - Waste Connections is an integrated solid waste services company providing non-hazardous waste collection, transfer, and disposal services, serving approximately nine million customers across 46 states in the U.S. and six provinces in Canada [5] - The company emphasizes its Environmental, Social, and Governance (ESG) efforts as integral to its business, focusing on long-term value creation, emissions reduction, and resource recovery [5]